Regions Financial Corporation Rotten Score Breakdown

Regions Bank agreed to pay $52.4 million to resolve federal claims concerning mortgage loans insured by the Federal Housing Administration. The settlement resolved False Claims Act and related claims concerning covered FHA lending conduct. Source: https://www.justice.gov/opa/file/891671/dl

CFPB found Regions Bank charged overdraft fees on certain transactions without obtaining required consumer opt-ins and made deceptive representations concerning overdraft and nonsufficient-funds fees. Regions provided about $49 million in redress and paid a $7.5 million penalty. Source: https://www.consumerfinance.gov/enforcement/actions/regions-bank/

CFPB found Regions Bank charged surprise overdraft fees on certain ATM withdrawals and debit-card purchases even after consumers were told they had sufficient funds. The 2022 order required at least $141 million in refunds and a $50 million penalty. Source: https://www.consumerfinance.gov/enforcement/actions/regions-bank_2022/